Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used Volvo V60? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

Volvo V60 insurance facts

  • Average full coverage auto insurance premium: $145/month

  • Most affordable companies: American Family ($98/month) & Liberty Mutual ($102/month)

  • V60 car insurance cost vs. average rate: $83 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Volvo V60 by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Volvo V60 insurer costs by state:

Risk factors affecting V60 rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Volvo V60 coverage?

Many driver discounts are available to people through most major auto insurers, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Volvo models, you can get the following discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Volvo Luxury Automobile Brand

Volvo is a Swedish luxury automobile brand partially owned by a Chinese company in the United States market. Volvo’s target market is families typically with children in the higher-end price vehicle market. All of Volvo’s automobiles have high safety ratings, with 11 of their vehicles getting “Top Safety Pick” and 5-star ratings from the National Highway Traffic Safety Administration (NHTSA). The S60, XC60, and the XC90 are their most popular vehicles.

Higher than average V60 repair costs equal higher coverage rates

Volvo’s are considered a niche vehicle in the United States market. Many consumers are attracted to the Volvo for its style and driver-assist technologies, like Volvo’s Pilot Assist. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a Volvo is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many Volvo’s are going to have higher than average insurance rates to similar vehicles in its class.

Rapid depreciation for V60’s affecting auto policies

Another factor to consider for Volvo’s, is they depreciate rapidly, affecting coverage rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Volvo models. This could put you in a difficult situation position since many insurance companies will subtract depreciation from the amount paid for your claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower coverage rates for drivers

Volvo’s are known for their safety ratings, safety features, and driver-assist technologies (semiautonomous driving), lowering coverage rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in Volvo models. The V60, S90, and V90 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Volvo top safety ratings each year, lowering your insurance costs.

AutoInsureSavings.org insurance agents recommend comprehensive and collision coverage and uninsured motorist coverage for new Volvo automobile owners. 

2021 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Allied$2384
Allstate$2016
American Family$1186
Amica$2419
Auto-Owners$2146
Direct Auto$1735
Erie$1386
Farmers$1650
GEICO$1527
Liberty Mutual$1214
Mercury$1749
MetLife$2306
Nationwide$1566
Progressive$1225
Safe Auto$2247
State Farm$1598
Tennessee Farmers$1762
Travelers$1699
USAA$1328

Compare all 2021 Volvo V60 rates

Average Cost to Insure Per Year

$1749

List Price

$40950

Trims Available

T5 Dynamic - T6 R-Design - T6 Polestar - Base engine: 2.0-liter turbocharged four-cylinder with 250 horsepower and 258 pound-feet of torque (T5) - - Geartronic 8-spd w/OD Transmission - with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2020 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1973
American Family$1138
Auto-Owners$2053
Erie$1330
Farmers$1624
GEICO$1496
Mercury$1752
MetLife$2265
Nationwide$1529
Progressive$1203
Safe Auto$2237
State Farm$1530
Tennessee Farmers$1730
Travelers$1640
USAA$1324
Vermont Mutual$2270

Compare all 2020 Volvo V60 rates

Average Cost to Insure Per Year

$1723

List Price

$39650

Trims Available

T5 Dynamic - T6 R-Design - T6 Polestar - Base engine: 2.0-liter turbocharged four-cylinder with 250 horsepower and 258 pound-feet of torque (T5) - - Geartronic 8-spd w/OD Transmission - with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2019 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Allstate$1943
American Family$1121
Auto-Owners$2007
Direct Auto$1869
Erie$1329
Farmers$1586
GEICO$1479
Liberty Mutual$1230
MetLife$2248
Nationwide$1512
Progressive$1187
Safe Auto$2137
State Farm$1527
Tennessee Farmers$1729
Travelers$1638
USAA$1284
Vermont Mutual$2190

Compare all 2019 Volvo V60 rates

Average Cost to Insure Per Year

$1654

List Price

$38900

Trims Available

T5 Dynamic - T6 R-Design - T6 Polestar - Base engine: 2.0-liter turbocharged four-cylinder with 250 horsepower and 258 pound-feet of torque (T5) - - Geartronic 8-spd w/OD Transmission - with Safety Features - with Volvo IntelliSafe Safety - Oncoming Lane Mitigation, Run-off Road Mitigation, Lane Keeping Aid, Airbags, BLIS (Blind Spot Information) with steer assist, Rear Collision Warning, Cross Traffic Alert with autobrake, Pilot Assist, Adaptive Cruise Control, Distance Alert

2018 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1239
Acuity$ 1239
Allied$ 1289
Allied$ 1289
Arbella$ 1399
Arbella$ 1399
Country$ 1340
Country$ 1340
Erie$ 1084
Erie$ 1084
GEICO$ 1359
GEICO$ 1359
Mercury$ 1396
Mercury$ 1396
Nationwide$ 1388
Nationwide$ 1388
Plymouth Rock Insurance$ 1267
Plymouth Rock Insurance$ 1267
Tennessee Farmers$ 1210
Tennessee Farmers$ 1210
USAA$ 1349
USAA$ 1349
Vermont Mutual$ 1203
Vermont Mutual$ 1203

Compare all 2018 Volvo V60 rates

Average Cost to Insure Per Year

$ 1635

List Price

$ 38250

Trims Available

T5 Dynamic - T6 R-Design - T6 Polestar

2017 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1193
Acuity$ 1193
Allied$ 1172
Allied$ 1172
Erie$ 893
Erie$ 893
GEICO$ 932
GEICO$ 932
Nationwide$ 1187
Nationwide$ 1187
Plymouth Rock Insurance$ 1229
Plymouth Rock Insurance$ 1229
Progressive$ 1241
Progressive$ 1241
State Farm$ 1156
State Farm$ 1156
Tennessee Farmers$ 1247
Tennessee Farmers$ 1247
Texas Farm Bureau$ 804
Texas Farm Bureau$ 804
USAA$ 1159
USAA$ 1159
Vermont Mutual$ 1113
Vermont Mutual$ 1113

Compare all 2017 Volvo V60 rates

Average Cost to Insure Per Year

$ 1230

List Price

$ 36150

Trims Available

T5 - T5 Premier - T5 Dynamic - T5 Platinum - T6 R-Design - Polestar - T6 Polestar

2016 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1288
Acuity$ 1288
Allied$ 1185
Allied$ 1185
Erie$ 978
Erie$ 978
GEICO$ 1175
GEICO$ 1175
Nationwide$ 1258
Nationwide$ 1258
Plymouth Rock Insurance$ 1193
Plymouth Rock Insurance$ 1193
Progressive$ 1301
Progressive$ 1301
State Farm$ 1293
State Farm$ 1293
Tennessee Farmers$ 1131
Tennessee Farmers$ 1131
Texas Farm Bureau$ 829
Texas Farm Bureau$ 829
USAA$ 1180
USAA$ 1180
Vermont Mutual$ 1235
Vermont Mutual$ 1235

Compare all 2016 Volvo V60 rates

Average Cost to Insure Per Year

$ 1276

List Price

$ 35950

Trims Available

T5 Drive-E - T5 - T5 Drive-E Premier - T5 Premier - T5 Drive-E Platinum - T5 Platinum - T6 R-Design - T6 Drive-E R-Design - T6 R-Design Platinum - T6 Drive-E R-Design Platinum - T6 Polestar

2015 Volvo V60

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1197
Acuity$ 1197
Allied$ 1181
Allied$ 1181
Erie$ 725
Erie$ 725
GEICO$ 693
GEICO$ 693
Nationwide$ 1098
Nationwide$ 1098
Plymouth Rock Insurance$ 1133
Plymouth Rock Insurance$ 1133
Progressive$ 963
Progressive$ 963
State Farm$ 813
State Farm$ 813
Tennessee Farmers$ 1119
Tennessee Farmers$ 1119
Texas Farm Bureau$ 976
Texas Farm Bureau$ 976
USAA$ 837
USAA$ 837
Vermont Mutual$ 1134
Vermont Mutual$ 1134

Compare all 2015 Volvo V60 rates

Average Cost to Insure Per Year

$ 1061

List Price

$ 35300

Trims Available

T5 Drive-E - T5 - T5 Drive-E Premier - T5 Drive-E Premier Plus - T5 Premier - T5 Premier Plus - T5 Drive-E Platinum - T5 Platinum - T6 R-Design - T6 R-Design Platinum - T6 Polestar